FLS MARKET WATCH – June 2021 Global financial markets again reached record all-time highs in June due to encouraging consumer confidence data, more US spending stimulus plans, and higher economic growth hopes. Still, concerns about rising inflation and future tax increases persisted. In addition, investors have been pleased by the success achieved
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Global financial markets reached record all-time highs in May, following reports that for the fiscal year 2022, President Joe Biden would pursue a spending plan of $6 trillion for federal expenditures. May turned out to be a solid month for equity markets. Still, politicians are confronted with inflation pressure as the underlying
FLS MARKET WATCH – APRIL 2021 Global financial markets reached record all-time highs in April due to strong corporate earnings releases, additional U.S. spending stimulus plans, and the Federal Reserve’s renewed commitment to stay strong in the face of mounting inflationary pressures. However, the last week ended mixed due to inflation and
Global stock markets closed near their all-time highs in March but ended mixed in the last week as investors are still worried about the rising rates. Regarding the pandemic, many European countries have imposed new or extended restrictions to curb variants. In Asia, Japan said there would be no foreign spectators at
FEBRUARY 2021 Global equity markets reached new all-time highs in February but ended on a sour note in the last week due to rising bond yields. This prompted a sharp sell-off in equities on overvaluation fears. Significant government spending and a dovish monetary policy buoyed the stock market last year. However, these
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As I look back and provide a post-mortem review of 2020, Covid-19 really shaped much of the economy. In March, we did see one of the quickest market declines in history, with the S&P 500 taking 117 trading days to drop 34% and then recover (Visual Capitalist). Central Banks around the world
The S&P/TSX Total Return Index ended the month of June up 2.46%, marking its best quarter in more than a decade (Toronto Star). Investors were focused on the speed of economic recovery from the Covid-19 crisis rather than the lagging economic data showing record temporary declines. Market sentiment also continued to thrive
Over the last 20 years, I have lived through many market events, and each one has been unique and has felt unsettling, with the last major shockwave being the 2008 Great Financial Crisis. The current Covid19 pandemic is also very unique in that the financial markets were shocked and reacted initially to
Q1 2020 Commentary As I contemplate what to communicate today, I am struck by the sheer severity and breadth of how much the world has changed in such a short time. In a period of a few months, the world has succumbed to Covid-19, and seemingly every facet of life has been